Mid-day Update… They’re not making it any easier.

Noon hour slide is retesting overnight low.

Holding a test of the 2286.25 bias-down signal through the 10:15 bias timing window put into play an offsetting test of the 2295.25 bias-up signal. Piercing fresh post-open highs after 10:15 by only 3 ticks was still sufficient to protect the setup from being invalidated.

And it wasn’t. But neither has it extended any higher to its objective. In fact, just the opposite. Sliding since the bias environment began lapsing at 11:30, through the noon hour, just pierced the 2284.00 overnight low by 2 ticks. Invoking the bias signal’s grace period didn’t help it to avoid triggering noN-bias, still overlapping 2285.25 at both 1:20 and 1:30.

Back above 2286.50 would start to signal another rally attempt underway. Otherwise, drifting further down to 2281.00 or lower is likely.